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[Cites 0, Cited by 1] [Section 202] [Entire Act]

Union of India - Subsection

Section 202(1) in The Companies Act, 2013

(1)A company may make payment to a managing or whole-time director or manager, but not to any other director, by way of compensation for loss of office, or as consideration for retirement from office or in connection with such loss or retirement.